Trader Vic Methods Of A Wall Street Master By Victor Best -

If Sperandeo lost 10% of his equity in a single month, he He would go to cash and analyze. This prevents the "revenge trade"—the desperate attempt to win back money, which is statistically the most common cause of bankruptcy.

: He advocates for the rigorous use of pre-set stop-loss orders to protect capital. Risk-Reward Ratio : Preference is given to trades offering at least a 2:1 reward-to-risk ratio Position Sizing

: Unlike purely technical traders, Sperandeo uses Austrian economic principles and Federal Reserve policy to forecast market cycles and credit impacts. Risk Management and Psychology